Naidu Asks Builders to Keep Promises; Assures RERA to Protect Homebuyers 


Builders should deliver what they have promised, Minister for Housing and Urban Development, M Venkaiah Naidu today said, reiterating the fact that the Real Estate (Regulation and Development) Act that came into force from May 1, is aimed at protecting the homebuyer and fulfiling their dream of owning a house. 

"I am not asking builders to do anything extra. Just do what you promised in prospectus like providing facilities, open spaces, water supply, timely delivery of projects – that is all. No harassment. Few black sheep in the sector has given the real estate industry a bad name. Regulation has become very necessary to take care of fly-by-night operators," Naidu said speaking at a press conference in Bengaluru today, a day after the landmark legislation came into force.

The Minister said that 14 states have notified the Rules. Karnataka will publish its Rules in 15 days.

"The Tribunal and the Regulator will be in place. This is important and we will ensure that dream of all Indians to own a house is fulfilled," Naidu added. 

As per the latest update from the urban Development Ministry, 15 out of the 36 states and Union Territories have set up an interim regulator so far.

Speaking about Karnataka's affordable housing  projects , Naidu said, "More than 18 lakh people have applied for affordable housing. Karnataka government is doing the verification work and applications of 4.7 lakh have been frozen so far." 

Rs 642 crores have been released so far to build affordable houses in the state under the Pradhan Mantri Awas Yojana or Housing for All mission, the Minister added.

55 thoughts on “Naidu Asks Builders to Keep Promises; Assures RERA to Protect Homebuyers 

  1. THEY AHVE NOT BEEN ABLE TP IMPLEMENT RERA EVEN IN BJP RULED STATES…SOME HAVE DONE HALF HEARTED JOB BY IMPLENTING DILUTED VERSION…….NO BODY WATCHING OR STATE ATRAPAS ARE MORE POWERFUL

  2. Real Madrid took another crucial step towards the La Liga title by extending their lead over Barcelona to five points.  Casemiro capped a wonderful display with a goal as Zidane’s men claimed all three points. Athletic Bilbao 1-2 Real Madrid, LA LIGA RESULT: Visitors extend gap from Barcelona to five points with hard-fought victory at San Mames 

  3. I know this if off topic but I’m looking into starting my own blog and was curious what all is needed to get setup? I’m assuming having a blog like yours would cost a pretty penny? I’m not very web smart so I’m not 100 positive. Any recommendations or advice would be greatly appreciated. Thanks

  4. You shouldn’t buy a game if you are not sure whether youare going to like it. com, the Ultimate Mobile Currency Marketplace, your one stop for all your mobile currency needs.In addition, the top players in the top three clans receive gems from the weekly tournament.LikeLike

  5. tipotzpbp,If you want a hassle free movies downloading then you must need an app like showbox which may provide best ever user friendly interface.

  6. gifwrb Yeezy 350,Are you searching for top class Escort service in Noida and want to enjoy with them, hire sexy girls from top Greater Noida escort service and enjoy full night.

  7. tldtcugfqp,Definitely believe that which you said. Your favourite justification appeared to be on the net the simplest thing to remember of.

  8. Boeing also formed a four-member board committee to review its practices in repairing MAX models and other development projects. These include the 777X long-range jet scheduled for the first flight this year, which will be delivered as early as 2020; and a new mid-size jet to be launched next year.

  9. While many Marvel fans were looking up theories and spoilers about Avengers: Endgame before its opening weekend, a whole other subset of people were quenching their thirst for Black Widow and Captain Marvel in… other ways. Pornhub reported that search traffic for Avengers and its main characters has skyrocketed in the days leading up to the film, further proving the old maxim (a.k.a. “Rule 34”) true: If there’s a topic out there that people even marginally care about, someone will make a porn about it.

  10. But the issues with this team run deeper than can be solved with a single change. The Warriors have not been able to sustain the “killer instinct” required on championship teams. They’ve had it in the past, so it’s still somewhere within their collective DNA

  11. Matthew Linsey, 61, was vacationing with two of his children in Sri Lanka when a coordinated attack unfolded at churches and high-end hotels throughout the country, leaving more than 300 victims dead and hundreds more wounded.

  12. The president continued: When Bernie Sanders made certain statements the other day, I said, ‘Well, that’s the end of his campaign.’ Then, what happened is everybody agreed with him.

  13. n paper, Joe Biden has about as many advantages as a presidential candidate could want. A former vice president, he has national name recognition, a strong connection to a popular former president, longstanding ties to major donors, good relations with Republican lawmakers and the top spot in most recent polls.

  14. vpkauvhf,Thanks a lot for providing us with this recipe of Cranberry Brisket. I’ve been wanting to make this for a long time but I couldn’t find the right recipe. Thanks to your help here.

  15. Can I just say what a relief to find someone who actually knows what theyre talking about on the internet. You definitely know how to bring an issue to light and make it important. More people need to read this and understand this side of the story. I cant believe youre not more popular because you definitely have the gift.

Leave a Reply

Your email address will not be published. Required fields are marked *